7,421 Shares in Amphenol Co. (NYSE:APH) Purchased by Kesler Norman & Wride LLC

Kesler Norman & Wride LLC bought a new position in shares of Amphenol Co. (NYSE:APH) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 7,421 shares of the electronics maker’s stock, valued at approximately $483,000.

Several other hedge funds have also recently bought and sold shares of APH. Bank of New York Mellon Corp lifted its stake in Amphenol by 92.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 36,637,988 shares of the electronics maker’s stock worth $2,468,301,000 after acquiring an additional 17,552,921 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Amphenol by 69.1% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 23,225,629 shares of the electronics maker’s stock worth $1,564,711,000 after acquiring an additional 9,487,387 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Amphenol by 39.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 29,245,014 shares of the electronics maker’s stock valued at $2,899,059,000 after purchasing an additional 8,340,759 shares in the last quarter. Mawer Investment Management Ltd. raised its position in Amphenol by 88.9% in the 2nd quarter. Mawer Investment Management Ltd. now owns 15,455,006 shares of the electronics maker’s stock valued at $1,041,204,000 after purchasing an additional 7,275,279 shares in the last quarter. Finally, Legal & General Group Plc raised its position in Amphenol by 116.6% in the 2nd quarter. Legal & General Group Plc now owns 9,833,128 shares of the electronics maker’s stock valued at $662,458,000 after purchasing an additional 5,293,292 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Amphenol Trading Up 2.3 %

NYSE:APH opened at $64.32 on Wednesday. The stock’s 50 day moving average price is $63.89 and its 200 day moving average price is $63.76. The company has a market capitalization of $77.26 billion, a PE ratio of 39.46, a P/E/G ratio of 2.59 and a beta of 1.24. The company has a quick ratio of 1.32, a current ratio of 2.02 and a debt-to-equity ratio of 0.56. Amphenol Co. has a 52-week low of $39.34 and a 52-week high of $70.84.

Amphenol (NYSE:APH) last released its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. The firm had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.39 billion. Amphenol had a return on equity of 24.08% and a net margin of 15.69%. The firm’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.72 EPS. On average, research analysts anticipate that Amphenol Co. will post 1.76 EPS for the current year.

Amphenol Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Tuesday, September 17th will be paid a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $0.66 dividend on an annualized basis and a yield of 1.03%. Amphenol’s dividend payout ratio is presently 40.49%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Robert W. Baird reduced their price target on Amphenol from $72.00 to $70.00 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. Evercore ISI reaffirmed an “outperform” rating on shares of Amphenol in a research report on Thursday, June 13th. Vertical Research assumed coverage on Amphenol in a research report on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 price target on the stock. UBS Group increased their price target on Amphenol from $69.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Finally, Bank of America lowered Amphenol from a “buy” rating to a “neutral” rating and cut their target price for the stock from $80.00 to $71.00 in a research report on Wednesday, September 4th. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $66.58.

Insider Buying and Selling

In other Amphenol news, VP Lance E. D’amico sold 100,000 shares of Amphenol stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $65.63, for a total value of $6,563,000.00. Following the transaction, the vice president now directly owns 51,400 shares in the company, valued at approximately $3,373,382. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Amphenol news, VP Lance E. D’amico sold 100,000 shares of Amphenol stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $65.63, for a total value of $6,563,000.00. Following the transaction, the vice president now directly owns 51,400 shares in the company, valued at approximately $3,373,382. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider William J. Doherty sold 300,000 shares of Amphenol stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $65.83, for a total value of $19,749,000.00. The disclosure for this sale can be found here. Insiders have sold 1,516,000 shares of company stock worth $98,236,640 in the last quarter. 1.80% of the stock is owned by insiders.

Amphenol Company Profile

Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates through three segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems.